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US close: Dow hits new high as Powell comments fuel rate-cut hopes

Published by Benjamin Chiou on 22nd August 2025

(Sharecast News) - US stocks raced higher on Friday after Federal Reserve chair Jerome Powell hinted that an interest-rate cut could be on the cards at the next policy meeting, with the Dow Jones Industrial Average hitting a new record.

URL: http://www.digitallook.com/dl/news/story/35306232/...

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